Lam Research (NASDAQ:LRCX) Price Target Raised to $120.00

Key Points

• Cantor Fitzgerald raised the price target for Lam Research (NASDAQ:LRCX) from $115.00 to $120.00, indicating a potential upside of 20.38% from the current price.
• The average rating for Lam Research among analysts is a Moderate Buy, with a consensus price target of $107.30.
• Lam Research reported strong quarterly earnings with an EPS of $1.33, surpassing estimates and reflecting a year-over-year revenue increase of 33.6%.

Lam Research (NASDAQ:LRCX - Free Report) had its target price increased by Cantor Fitzgerald from $115.00 to $120.00 in a report released on Thursday,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the semiconductor company's stock.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC raised their price objective on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Mizuho increased their target price on Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Raymond James Financial increased their target price on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. TD Cowen increased their target price on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Oppenheimer increased their target price on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $107.30.

Lam Research Stock Up 1.7%

NASDAQ LRCX traded up $1.67 during mid-day trading on Thursday, reaching $100.08. 9,687,561 shares of the company's stock traded hands, compared to its average volume of 12,639,810. Lam Research has a 1-year low of $56.32 and a 1-year high of $108.02. The company has a fifty day simple moving average of $98.41 and a 200-day simple moving average of $84.59. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company has a market cap of $126.66 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.28 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter last year, the firm earned $1.03 EPS. Lam Research's quarterly revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts expect that Lam Research will post 3.71 EPS for the current year.

Institutional Trading of Lam Research

Several hedge funds have recently made changes to their positions in the stock. Cim Investment Management Inc. lifted its holdings in shares of Lam Research by 99.7% in the 2nd quarter. Cim Investment Management Inc. now owns 19,658 shares of the semiconductor company's stock worth $1,914,000 after purchasing an additional 9,812 shares during the last quarter. Marex Group plc bought a new stake in Lam Research during the 2nd quarter valued at $1,075,000. Advisory Services Network LLC raised its stake in Lam Research by 11.3% during the 2nd quarter. Advisory Services Network LLC now owns 162,346 shares of the semiconductor company's stock valued at $15,397,000 after acquiring an additional 16,494 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in Lam Research during the 2nd quarter valued at $30,000. Finally, Hohimer Wealth Management LLC raised its stake in Lam Research by 1.3% during the 2nd quarter. Hohimer Wealth Management LLC now owns 48,509 shares of the semiconductor company's stock valued at $4,722,000 after acquiring an additional 627 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.